Friedman Billings Upgrades United PanAm Financial (UPFC) to Outperform
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Friedman Billings upgrades United PanAm Financial (Nasdaq: UPFC) from Market Perform to Outperform, citing positive impact from cost cutting measures (in 2009) Price target $8.25.
United PanAm Financial Corp. (UPFC) is a specialty finance company engaged in automobile finance, which includes the purchase, warehousing, securitization and servicing of automobile installment sales contracts, or automobile contracts, originated by independent and franchised dealers of used automobiles.[SM]
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